True. One would get the regular stated interest rate plus the additional promotional rate. Thus one would recieve a higher income via the savings rate.
Answer:
The correct answer is $9,850,000
Explanation:
The Enterprise fund which will be reported, total other financing sources of the amount is computed as:
= Face Value - Cost of issuance
where
Face Value is $10,000,000
Cost of issuance is $150,000
Putting the values above:
= $10,000,000 - $150,000
= $9,850,000
Note: Premium will not be considered as it is asked for when the bonds are issued.
Answer:
George Elton Mayo
Explanation:
Based on the scenario being described within the question it can be said that the individual being mentioned is George Elton Mayo. Mayo was an Australian Psychologist who was born on December 26, 1880. Mayo greatly contributed to the creation of the management theory which helped establish modern human relations management methods as well as creating the frame and focus on social dynamics.
Which motivation theory might explain one’s need for financial security? I would say humanistic theory of motivation because I would consider it a basic human right to have financial security.
Answer: See explanation
Explanation:
a. The company's total book value of debt will be:
= Value of debt + Value of zero coupon bonds
= $70 million + $100 million
= $170 million
b. The market value will be:
= Quoted price × Par value
= ($70 × 1.08) + ($100 × 0.61)
= $75.6 + $61
= $136.6 million
c. The aftertax cost of debt will be:
= (1 - Tax rate) × Pre tax cost of debt
= (1 - 35%) × 5.7%
= 65% × 5.7%
= 3.7%
